Relaxo Footwears’ stock saw a 5% increase after India’s Finance Minister announced plans to introduce a new policy aimed at boosting the leather and footwear industries.
The policy is expected to enhance the sector’s growth, which drove positive market sentiment and increased investor confidence in Relaxo’s future prospects.
This move is seen as a step towards further strengthening the domestic manufacturing and export potential of India’s footwear industry.
Relaxo Footwears opened at 539.50 today, slightly down from the previous close of 549.45. The stock saw a low of 529.00 and reached a high of 598.75 during trading. Over the past 52 weeks, the stock has seen a low of 525.00 and a high of 949.00, reflecting its fluctuating market performance.
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